Illinois SB2306 expands the Illinois Finance Authority's powers to include climate resilience projects.
Illinois SB2306 amends the Illinois Finance Authority Act to include climate resilience projects among the powers and duties of the Authority. The bill defines "climate resilience project" as a project to reduce hazards or risks to people and property from future disasters or climate-related conditions. The Authority is authorized to utilize various funding sources, including funds repurposed from existing programs, federal or other funds, charitable gifts, grants, and contributions, and loans from individuals, corporations, university endowment funds, and foundations.
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- Legal Framework
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